Federal Realty Investment Trust $FRT Shares Acquired by Czech National Bank

Czech National Bank lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,976 shares of the real estate investment trust’s stock after buying an additional 1,265 shares during the period. Czech National Bank’s holdings in Federal Realty Investment Trust were worth $1,803,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Federal Realty Investment Trust by 0.6% during the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust’s stock worth $15,205,000 after acquiring an additional 917 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Federal Realty Investment Trust by 10.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust’s stock valued at $697,000 after purchasing an additional 674 shares during the period. KBC Group NV increased its stake in shares of Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 151 shares during the period. Amalgamated Bank increased its stake in shares of Federal Realty Investment Trust by 1.0% in the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock valued at $1,495,000 after purchasing an additional 146 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Federal Realty Investment Trust by 3.1% in the first quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust’s stock valued at $5,890,000 after purchasing an additional 1,800 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on FRT shares. Evercore ISI downgraded shares of Federal Realty Investment Trust from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $106.00 to $107.00 in a report on Monday, September 15th. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Piper Sandler decreased their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. UBS Group dropped their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, June 16th. Finally, Mizuho boosted their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.31.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $99.62 on Friday. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The firm has a market capitalization of $8.59 billion, a PE ratio of 25.22, a P/E/G ratio of 3.83 and a beta of 1.16. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The business’s 50 day moving average price is $96.63 and its 200-day moving average price is $95.60.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The firm had revenue of $302.48 million during the quarter, compared to analysts’ expectations of $309.25 million. During the same period in the prior year, the firm earned $1.69 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $1.13 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust’s payout ratio is presently 111.39%.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.